Title : Internal Audit
State : Central
Year : 2013
(1) Such class or classes of companies as may be prescribed shall be required to appoint an internal auditor, who shall either be a chartered accountant or a cost accountant, or such other professional as may be decided by the Board to conduct internal audit of the functions and activities of the company. (2) The Central Government may, by rules, prescribe the manner and the intervals in which the internal audit shall be conducted and reported to the Board. View Complete Act List Judgments citing this sectionTitle : Auditors to Attend General Meeting
State : Central
Year : 2013
All notices of, and other communications relating to, any general meeting shall be forwarded to the auditor of the company, and the auditor shall, unless otherwise exempted by the company, attend either by himself or through his authorised representative, who shall also be qualified to be an auditor, any general meeting and shall have right to be heard at such meeting on any part of the business which concerns him as the auditor. View Complete Act List Judgments citing this sectionTitle : Application for Allotment of Director Identification Number
State : Central
Year : 2013
Every individual intending to be appointed as director of a company shall make an application for allotment of Director Identification Number to the Central Government in such form and manner and along with such fees as may be prescribed. View Complete Act List Judgments citing this sectionTitle : Director to Intimate Director Identification Number
State : Central
Year : 2013
Every existing director shall, within one month of the receipt of Director Identification Number from the Central Government, intimate his Director Identification Number to the company or all companies wherein he is a director. View Complete Act List Judgments citing this sectionTitle : Register of Directors and Key Managerial Personnel and their Shareholding
State : Central
Year : 2013
(1) Every company shall keep at its registered office a register containing such particulars of its directors and key managerial personnel as may be prescribed, which shall include the details of securities held by each of them in the company or its holding, subsidiary, subsidiary of company's holding company or associate companies. (2) A return containing such particulars and documents as may be prescribed, of the directors and the key managerial personnel shall be filed with the Registrar within thirty days from the appointment of every director and key managerial personnel, as the case may be, and within thirty days of any change taking place. View Complete Act List Judgments citing this sectionTitle : Punishment
State : Central
Year : 2013
If a company contravenes any of the provisions of this Chapter and for which no specific punishment is provided therein, the company and every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees. View Complete Act List Judgments citing this sectionTitle : Company to Contribute to Bona Fide and Charitable Funds, Etc.
State : Central
Year : 2013
The Board of Directors of a company may contribute to bona fide charitable and other funds: Provided that prior permission of the company in general meeting shall be required for such contribution in case any amount the aggregate of which, in any financial year, exceed five per cent. of its average net profits for the three immediately preceding financial years. View Complete Act List Judgments citing this sectionTitle : Firm, Body Corporate or Association Not to Be Appointed as Inspector
State : Central
Year : 2013
No firm, body corporate or other association shall be appointed as an inspector. View Complete Act List Judgments citing this sectionTitle : Legal Advisers and Bankers Not to Disclose Certain Information
State : Central
Year : 2013
Nothing in this Chapter shall require the disclosure to the Tribunal or to the Central Government or to the Registrar or to an inspector appointed by the Central Government-- (a) by a legal adviser, of any privileged communication made to him in that capacity, except as respects the name and address of his client; or (b) by the bankers of any company, body corporate, or other person, of any information as to the affairs of any of their customers, other than such company, body corporate, or person. View Complete Act List Judgments citing this sectionTitle : Investigation, Etc., of Foreign Companies
State : Central
Year : 2013
The provisions of this Chapter shall apply mutatis mutandis to inspection, inquiry or investigation in relation to foreign companies. View Complete Act List Judgments citing this section